The long-awaited Mauritius Foundations Act 2012 (“the Act”) came into force on 1 July 2012. International investors are able to take advantage of this new vehicle to benefit from the large number of double taxation treaties to which Mauritius is a party. Foundations are able to apply for Category 1 Global Business Licence. The existence of this new wealth management product along with the many structuring opportunities that accompany it will be of interest to a wide variety of clients.
For additional information on the key aspects of the Act, please click here
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